Telephone and Data Systems, Inc. (NYSE:TDS) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 33.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,142 shares of the Wireless communications provider’s stock after acquiring an additional 28,866 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Telephone and Data Systems worth $2,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in Telephone and Data Systems by 20.3% during the fourth quarter. Victory Capital Management Inc. now owns 21,843 shares of the Wireless communications provider’s stock valued at $401,000 after buying an additional 3,691 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Telephone and Data Systems by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,328,067 shares of the Wireless communications provider’s stock valued at $24,370,000 after buying an additional 20,516 shares during the period. Principal Securities Inc. acquired a new position in Telephone and Data Systems during the 4th quarter worth approximately $25,000. Teacher Retirement System of Texas boosted its holdings in Telephone and Data Systems by 24.5% in the 4th quarter. Teacher Retirement System of Texas now owns 72,132 shares of the Wireless communications provider’s stock worth $1,324,000 after acquiring an additional 14,203 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Telephone and Data Systems by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock valued at $87,810,000 after acquiring an additional 774,892 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th.

Telephone and Data Systems Trading Up 1.4 %

NYSE TDS opened at $23.87 on Tuesday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -4.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.51 and a quick ratio of 1.37. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $24.92. The company’s fifty day moving average price is $21.64 and its two-hundred day moving average price is $19.10.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the business posted ($0.17) earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts predict that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, September 16th. Telephone and Data Systems’s payout ratio is -3.29%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.